May 31st, 2022Benefits

VA Entitlement Calculator: How Much Entitlement Do I Have?

VA Entitlement can be confusing if this is your first time purchasing a home with the VA Loan.

And it can be just as challenging if this is your second time. Reusing VA entitlements comes with tons of questions about loan limits, how much entitlement you have left, and more.

We’ll explain more about VA entitlement if you’re learning for the first time or need a quick refresher.

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By Jimmy Vercellino
May 10th, 2022Misc

How VA Home Loans Work

As the home market continues to fluctuate, it may be the perfect time to buy with the VA Home loan. If you’re an active-duty service member or vet, there’s a good chance you qualify.

You don’t want to miss out on this 0% down payment home loan to move into your family’s dream home.

However, VA Loans are not the same conventional loans, FHA loans or other home financing options. They have unique service qualifications, eligibility, and benefits that no other loan has.

That’s because the Department of Veterans Affairs (VA) guarantees them and places regulations in so you can enjoy your home without default or financial obstacles.

Whether this is your first time buying a primary residence or you’re going at it again, you’ll need to freshen up on how VA Home Loans work.

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By Jimmy Vercellino
April 25th, 2022Misc

VA Loan Calculator for Veterans

If you’re a vet or active duty service member, that means you qualify for the VA Loan. But what will your monthly payments look like and what factors contribute to the total loan amount?

When working with an experienced lender, it’s important to know these numbers so you can get the most affordable rate.

Below is a simple VA mortgage calculator and some factors that affect your monthly payments.

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By Jimmy Vercellino
April 22nd, 2022Misc

Everything You Need to Know about the VA Funding Fee

If you’re an active-duty service member or veteran, you’ve probably heard about the amazing benefits the VA Loan offers.

With no down payment, zero private mortgage insurance, and flexible credit score requirements, it’s the most affordable home loan for the military.

However, you may be going through the VA Loan Journey with a lender and discovered there’s a VA Funding Fee at closing. Or you could be doing research to prepare for a VA Loan and are frustrated at paying the fee.

We want to encourage you that VA Funding Fees are not what you think at first. Even with this closing cost, the VA Home Loan still ranks as the top financing option on the market.

Our VA mortgage lenders will explain more about VA Funding Fees and an experienced lender secret that will minimize the price.

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By Jimmy Vercellino
March 18th, 2022Requirements

How Many VA Loans Can You Have at Once?

VA Loans are by far the best home financing option for veterans and active-duty service members. Millions of military personnel are purchasing their first homes or retiring their dream homes all across the United States. You can become eligible for these home loan benefits by meeting the service and financial requirements.

After you use a VA Loan, it’s understandable to want another one, especially if you have a large family. You could also be moving with a permanent change of station orders and not want the pressure of selling your current home first before you can apply for another VA Home Loan.

How many VA loans can you have at once? The simple answer to this question is as many as you’d like. When a lender looks at your county’s conforming loan limits and your entitlement, they can help you buy a home with a VA Loan.

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By Jimmy Vercellino
February 14th, 2022Tips

Obtaining a VA Construction Loan to Build a Home

Have you spent weeks searching for your dream home with a real estate agent but can’t seem to find the right fit? It is disheartening when you can’t find a home your partner and kids enjoy, especially in the middle of a military transition.

The Department of Veteran Affairs (VA) offers construction loans to build the home you all have always wanted. You can settle down and relax in the freedom you’ve sacrificed for through homeownership.

There are seldom any VA new construction guidelines for 2022, so you can apply with a home loan expert as usual. They can walk you through the specific steps in the VA Loan Journey to secure you with a beautiful home construction project.

Below is more information on VA construction loans and guidelines so you can start over your residential life from the ground up.

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By Jimmy Vercellino
February 10th, 2022Types of VA Loans

What to Know About VA Loans For Condos

Buying a home is likely the largest purchase you will make during your lifetime. It is a major financial undertaking that requires patience, time, and a large amount of effort. However, the good news is your family with kids or retired spouse can enjoy the benefits of the VA Home Loan with the condo of your dreams.

VA loans are available to honorably discharged veterans, those who are active-duty service members who've served 90 days or more, and personnel who have served at least six total years in the reserves or the National Guard. The advantages of a VA Home Loan are also extended to the surviving spouse of a service member.

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By Jimmy Vercellino